Increased demand for the US dollar from importers also put pressure on the rupee. Dealers attributed the rupee's fall to the American currency's gains against the euro overseas but a higher opening in the domestic stock market capped the fall.

The rupee had closed 12 paise higher at 61.62 a dollar in Tuesday's trade on selling of the American currency by banks and exporters. Meanwhile, the BSE benchmark Sensex rose by 48.46 points, or 0.23 percent, at 21,023.25 in morning trade on Wednesday.


Latest News  from Business News Desk